The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-11-18
ABOUT OUR FINANCES.
The Annual Report of Treas
urer Hyatt.
MOST, The FIEYD INCARNApF.
= address Wilson to be
Prosecuted-A Sound of Alarm
The Cigar Makers-Etc.
Revenue and Expenditures

WASHINGTON, November Lf.-IEe 2u-
nual report of Treasurer Hyatt shows
that the revenues of the government
for the fiscal year ended June 30th
1887, we're: 1911, 432,776; and ordi-
nary expenditures $267, 932. 779; surplus
receipts, available for the reduction of
Inc public debt being SOB All, 097. As
compared with the previous year the
receipts are increased $34, 963 ,559, the
expenditures $25, 1901, and the sur
plus revenues SO, 514 500. There was an
increase in every item OF revenue, the
largest being in the receipts from
customs. The largest increase in ex-
penditures was On account of Indians
and pensions, and the largest decrease
on account of interest on the public
debt. The receipts of the .Postoffice
Department amount to $50, 752, 1857 and
the expenditures to $53 $50, S39.
The revenues, exclusive of deficiency
appropriations had been increased 3d.
SOC, 495, and the expenditures 1891 2i9.
The amount drawn from the Treasury
to make good the deficiencies in the
postal revenues was SIS, 1863, 1873, against
Sc, ia ,422 in 1886. The statement CT
United States notes outstanding shows
that, between June 80, 1886, and
September 80, 1887, the circulation OF
one and two-dollar notes ran down
from $6l 800 900 to SIS 400, 900. The de-
crease has been made up by the changes
in the other denominations, the volume
of fves, tens and tWenties increasing
legal tenders and silver certificates Of
or III yryifh n
increase in the circulation of silver
coins during the fifteen months ended
September 30th, amounted to upwards
of $149 100000, while, in addition, ssT-
eral million dollars in small gold CONS
have been drawn into circulation.
Under the provisions Of the act Of June
8, 1872, certificates of deposits amount
ing to 1874, 9O0, 900 were issued during the
fiscal year for United States notes
lodged in the Treasury. The re-
demptions in the same period
were $43 800 900. There remained
outstanding June Both, only SO ,020, 600,
which is the least amount shown at the
end OF any fiscal year since the
issue began. There were no gold
certificates issued during the year. TIE
amounted to SO, 487 ,428. Uf
the total of 81, 17S ,359 $50 issued from
November, 1865 there were outstanding
at the close of the year 1921 1851, of
which $50 261 $50 were in the Treasury
and SOL ,225 437 in circulation. The
holdings of the Treasury decreased
nearly $25, 100000 in the year. The
amount nc 1t % outstanding octo6er 81 was
$l32, 542,9 31, of which the Treasury
ti6cates outstanding at the close
of the fiscal year amounted to
$145, 543, $50, an increase of nearly
So, 100000 in twelve months. The
amount in the Treasury fell off in the
same period, from nearly $28 900 900 to !
So 425, 1888, while the increase in the |
actual circulation was little more than
S54 900 Geo. This increase is dua, in |
part, to the demand for small notes |
arising from the discontinuance of the |
issuance of legal tender ones and tWos. |
The Treasurer believes that all the |
trade dollars have been redeemed.
The coinage OF standard silver dollars |
for the fiscal year was 1888 ,2l6, 831, an |
increase of SO, 377 1926 over 1886. On Octo- |
Der 3ist, the Treasury held $2I4, IT'S, 532. |
Between June 80, 1886, and October 81, +
1887, the fractional silver coin in the |
treasury decreased from S2S 90i .68l to |
$24 468, l35, and the MINOR coin from
1877 ,81S to $51 AGO. The one and five
cent pieces on hand are not more than
sufficient for payment over the coun-
ters.
The treasurer calls attention to the
decrease in the redemption of frac-
LjonaI currency. and shows, in compar-
son with other paper issues, that a
arger am punt than has been estimated
5 probably lost or destroyed. The
amount outstanding June 30th, SHOWN
9y the books, was SIS 1922, 9O2, while the
for The year were only
y .123. Between the end of the fiscal year
and October 31st, the number of deposi-
DRY banks was increased from 200 to 900.
The receipts of public funds by the
banks during the year were Sl2S, 482, 769,
making an aggregate from the begin
hing of the system little short of
a 500, 600, 600. There was decrease of
'84 COS, 100 during the year in the bonds
1eld to secure the circulation of the
rational BANKS, leaving on deposit $751;,
'66, 700, against which there was out
tanding in National Bank notes $780,
20, $50.